SAC And Ex-Traders In Chess Match As Feds Close In

Law360, New York (October 18, 2013, 6:04 PM EDT) -- With SAC Capital Advisors LP soon expected to settle the government’s insider trading suit, attorneys say the embattled hedge fund and two former employees facing trial each have enormous incentives to turn on the other defendants in exchange for a sweeter plea deal.

The Stamford, Conn.-based fund has reached a tentative deal to plead guilty to criminal misconduct and pay more than $1 billion in fines, with SAC owner Steven A. Cohen also agreeing to cease managing outside money for some amount of time, The New...